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About This Home

This 0-bedroom, 0-bathroom commercial at 720 E Rand Road in Mount Prospect, IL is listed for $1,499,000. Built in 1994, on a 0.54 acres lot.

Agent Description

Rare opportunity to acquire a highly visible, turnkey freestanding restaurant building with existing drive-thru along the heavily trafficked Rand Road corridor in Mount Prospect. Drive-thru properties in this submarket are extremely limited, making this an ideal opportunity for QSR, coffee, breakfast, or fast-casual operators looking for immediate market entry and long-term upside.

This 2,533 SF building sits on a 23,391 SF site and features a fully built-out commercial kitchen, including black iron hoods, fire suppression system, walk-in cooler, and all FF&E included-allowing for a seamless transition and significantly reduced startup costs.

The property has been well maintained with a modernized facade, updated windows, upgraded rooftop HVAC, 200-amp electrical service, and recent tuckpointing. Positioned just south of the intersection of Rand Rd & Central Rd, the site benefits from exceptional visibility, strong signage potential, and convenient access, including an existing curb cut and drive-thru infrastructure.

With over 17,000 vehicles per day, this location offers consistent exposure in a very active retail corridor. Surrounded by dense residential neighborhoods and major national retailers including Menards, Walmart, Aldi, Dunkin, Buona Beef, and Texas Roadhouse, the property is ideally situated to capture steady consumer demand.

The 25-car parking lot (side and rear) supports high-volume operations, while the B-5 zoning allows for a variety of retail and restaurant uses. Additional upside includes a second-floor area with potential for expansion or outdoor dining, creating added value for owner-users or investors. This is a true plug-and-play opportunity in a proven retail corridor-perfect for operators looking to scale or investors seeking a high-demand asset with strong fundamentals.

Key Features

  • Built in 1994
  • 0.54 acre lot
  • 2 stories

Property Details

2 stories
1994

Amenities

A/C

Monthly Cost Estimate

$8,017/mo

20% down · 6.5% · 30 years

Principal$1,084
Interest$6,496
Insurance$437

Estimates only. Actual payments may vary.

Location

720 E Rand Road

Mount Prospect, IL 60056

Property Details

Flooring

ConcreteTileVaries

Construction

Brick Concrete Block

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 720 E Rand Road is listed at $1,499,000. The estimated monthly payment is $6,496 based on 20% down at 6.5% interest.

Key features include: Built in 1994, 0.54 acre lot, 2 stories.

This property is listed by Teresa Stultz and can be reached at (630) 377-1646 or stultzteam@plproperties.com.

TS

Teresa Stultz

Agent at Premier Living Properties

(630) 377-1646

Listed by Premier Living Properties

MLS# 12607080· Source: listhub· Updated 61 days ago

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

720 E Rand Road, Mount Prospect, IL 60056

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